Oil
NUPRC Mandates Unique ID and Clearance for All Crude Oil Exports Under New Regulation
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has issued a new directive requiring all crude oil exporters to obtain a...
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IPPG Backs NUPRC’s One Million Barrels Initiative as Nigeria Hits 97% of OPEC Quota
The Independent Petroleum Producers Group (IPPG) has pledged its full support for the Project One Million Barrels Incremental initiative, launched...
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Crude Oil Theft Drops Significantly in Nigeria, Says IPPG Executive
Crude oil theft in Nigeria has seen a significant decline compared to figures reported two to three years ago, according...
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Fuel Marketers Form Alliances as Price War Between Dangote and NNPC Drives Petrol Costs Down
Nigerian fuel marketers are forging strategic partnerships aimed at reducing losses, ensuring business sustainability, and maintaining steady fuel distribution across...
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Oil Prices Steady as U.S.-China Trade Optimism Boosts Market, Iran Deal Speculation Caps Gains
Global oil prices held firm on Friday, poised to notch a second straight week of gains, supported by easing tensions...
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Downstream Price War Between Dangote Refinery and NNPC Sparks Unethical Practices, Hurts Small Fuel Retailers
The intense price war between Dangote Petroleum Refinery and NNPC Retail Limited has sharply reduced petrol prices across Nigeria’s downstream...
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Oil Marketers Import 121 Million Litres of Petrol Amid Drop in Landing Costs
Nigeria’s oil marketers have imported a significant 121.1 million litres of Premium Motor Spirit (PMS) over a three-day period, despite...
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Oil Prices Slip Ahead of OPEC+ Meeting After Surprise Jump in U.S. Gasoline Inventories
Oil prices edged lower on Thursday following a surprise increase in U.S. gasoline inventories. Investors are also focused on the...
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Oil Prices Hold Steady Amid Rising Tensions in Ukraine and Increasing Chinese Demand
Oil prices remained stable for a second consecutive day on Wednesday, supported by fears of disrupted supply due to the...
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Oil Prices Rise Amid Intensified Russia-Ukraine Conflict, Demand Concerns in China Cap Gains
Oil prices saw modest gains on Monday following an escalation in the Russia-Ukraine conflict, which saw Russia launch its largest...
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